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Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Precinct Properties NZ & Precinct Properties Investments 5-Year Yield-on-Cost % vs REITs Industry
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) has a 5-Year Yield-on-Cost % of 7.22 as of Aug. 22, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Precinct Properties NZ & Precinct Properties Investments and its competitors. This is 51% above median its historical median of 4.77. Over the past decade, Precinct Properties NZ & Precinct Properties Investments' 5-Year Yield-on-Cost % has ranged from 3.38 to 7.22. According to the industry distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #457 out of 855 companies in the REITs industry, placing it in the top 53.5%.
Is Precinct Properties NZ & Precinct Properties Investments' 5-Year Yield-on-Cost % too high?
Precinct Properties NZ & Precinct Properties Investments' current 5-Year Yield-on-Cost % of 7.22 is 51% above median its 10-year median of 4.77. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 7.22. The REITs industry median 5-Year Yield-on-Cost % is 7.43. Precinct Properties NZ & Precinct Properties Investments' value of 7.22 is 2.8% below this industry median. Based on the distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #457 out of 855 companies in the REITs industry, which is below the industry midpoint. Overall, Precinct Properties NZ & Precinct Properties Investments has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Precinct Properties NZ & Precinct Properties Investments' 5-Year Yield-on-Cost % compare to VICI and WPC?
According to the REITs industry distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #457 out of 855 companies for 5-Year Yield-on-Cost %. This places Precinct Properties NZ & Precinct Properties Investments in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.43. Precinct Properties NZ & Precinct Properties Investments' value of 7.22 is 2.8% below this benchmark. Historically, Precinct Properties NZ & Precinct Properties Investments' own 5-Year Yield-on-Cost % has ranged from 3.38 to 7.22 over the past decade. While the company's 10-year median is 4.77 vs. the industry median of 7.43, Precinct Properties NZ & Precinct Properties Investments has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.43, based on 855 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Precinct Properties NZ & Precinct Properties Investments's current 5-Year Yield-on-Cost % of 7.22 is 2.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Precinct Properties NZ & Precinct Properties Investments and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Precinct Properties NZ & Precinct Properties Investments's current 5-Year Yield-on-Cost % is 7.22, which is 51% above median its own 10-year median of 4.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precinct Properties NZ & Precinct Properties Investments stock overvalued right now?
Based on GuruFocus' analysis, Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.92, compared to a current price of NZ$1.03 — trading 12% above its estimated fair value. The current 5-Year Yield-on-Cost % is 7.22, which is 51% above median its 10-year median of 4.77 and 2.8% below the REITs industry median of 7.43. Precinct Properties NZ & Precinct Properties Investments' overall GF Score™ is 51/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT), the current 5-Year Yield-on-Cost % is 7.22 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) Overvalued in 2026?
Based on GuruFocus' analysis, Precinct Properties NZ & Precinct Properties Investments stock appears to be overvalued.
The current stock price of NZ$1.03 is trading 12% above its estimated GF Value™ of NZ$0.92.
GuruFocus considers Precinct Properties NZ & Precinct Properties Investments to be Modestly Overvalued.
Key valuation signals for NZSE:PCT:
5-Year Yield-on-Cost %: 7.22 (51% above median its 10-year median of 4.77)
GF Value™: NZ$0.92 vs. price of NZ$1.03 (12% above fair value)
Industry Position: 2.8% below the REITs median (#457 of 855)
No single metric tells the full story. See the NZSE:PCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd invests predominantly in prime office properties in the central business districts of New Zealand. The company's operating segment includes Investment properties, Hotel and hospitality, Investment management, and Flexible space. It generates maximum revenue from the Investment properties segment. Some of its properties include AON Centre, NTT Tower, Jarden House, PwC Tower at Commercial Bay, and others.
51GF Score
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